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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: schzammm who wrote (7689)2/2/2006 5:49:17 PM
From: chowder  Read Replies (2) | Respond to of 13449
 
BJCT is a low priced, low volume stock. I have found that these stocks don't perform with the reliability I look for in a trade.

Part of technical analysis is trying to identify price points that will cause professional buying and garner institutional support. Professional buying is what will drive price over the long term. Professional traders don't buy low volume stocks, so I avoid them.

This doesn't mean your trade won't be successful, it obviously is at this time. Congratulations!

I just haven't found a way to be consistently profitable with that type of trading strategy.

I hope it continues to do well for you.

dabum